Friday, October 1, 2021

M5 as of September 30 2021

Here is my measure of money supply as of the end of the 2021 fiscal year.  Usually I would wait a few more days, but the debt won't increase any more.

As of 9/30/2021:

M2 (as of 8/1/21): 20,797.0

Public Debt (as of 9/29/21): 22,270.5

Fed Held (as of 9/29/21) -5,431.1

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Total 37,636.4

One year ago, on 9/30/2020, this number was at 35,296.8, so this is up only 6.6% since then.  Not bad at all.  But just wait until the debt limit is lifted and the $5 trillion of stimulus passes.  

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